Abu Dhabi government owned industrial group, Senaat General Holding Corporation, saw a 20% increase in net profit in the first half of 2015, reaching Dh453 million. Earnings prior to interest, tax and depreciation exceeded Dh1 billion, rising 18% from the same period last year. In the first half of this year, Senaat’s revenues stood at […]
admin
Challenges Facing Workers in the 21st Century
The requirements for being a part of the workforce and navigating it throughout our working lives have increased substantially in the last fifty years. The increase in requirements have changed for a number of reasons: technology, globalization and the rising demand for more goods. Technology may be one of the largest factors, what required workers […]
A Smashing Start for Q1 of 2015
While the world economy is still proving to be sluggish overall and many companies are struggling, there are some which seem to have hammered out the rails to success. Many countries have begun quantitative easing into the market and have made it difficult for investment companies to do well because of uncertainties in the market. […]
Khalifa Fund Activates $200M Egyptian Loan
Late last year, The Khalifa Fund for Enterprise Development announced plans to extend a $200 million loan to Egypt which was proposed to help their economy overcome their troublesome financial decline. That proposal has transitioned into reality as the loan has been activated for the government in Egypt to use. The loan activation stems just […]
Paving The Way For Egypt’s Financial Future
Egypt has been under economic hardships for the past few years with struggles that include a 60% population below the poverty line, a high unemployment rate and years of economic stagnation. However, there is a silver lining that may change the future of Egypt and that involves the attraction of $60 billion in foreign investments […]
Egypt Receives $200 Million Loan
Egypt may be home to the Great Pyramids but many on the outside do not know it’s stricken by poverty, high unemployment rates and slim business opportunities for women. However, a new $200 million loan may be able to turn the nation around and positively change the current financial hardships. Khalifa Fund for Enterprise Development, […]
Khalifa Fund: Creating a Stronger System for Emirati Innovators
The UAE has established itself as one of the global financial hubs and is in the midst of major economic development as it continues to industrialize and innovate. The Khalifa Fund for the Enterprise Department has begun discussing methods of helping small and medium sized enterprises (SMEs). Right now, the leading idea is an incubator […]
Challenges and Opportunities Facing the World Economy: GFMF 2015 Discussion
The world economy is rapidly evolving every year – each year seems to hold unexpected surprises that need to be overcome. This year the Seventh Global Financial Markets Forum (GFMF) will be held in Abu Dhabi and organized by the National Bank of Abu Dhabi (NBAD). The purpose of this forum is to discuss challenges […]
Why Egypt’s Energy Industry Has Much to Look Forward to In Coming Years
The early fall 2014 announcement that an Abu Dhabi private investment firm, Al Nowais Investments, had finalized plans for the development of coal-fired power plants in the Suez Canal region was the type of news that many Egyptians had long been awaiting. Egypt, which has suffered chronic energy shortages since the aftermath of its recent […]